Smart Specialisation: Towards the Potential Application of the Concept for the Local Development

By Katharina Fellnhofer, on April 8th, 2017

Smart Specialisation: Towards the Potential Application of the Concept for the Local Development

The paper “Smart Specialisation: Towards the Potential Application of the Concept for the Local Development” by Jucevičius and Galbuogienė (2014) was presented at the 19th International Scientific Conference “Economics and Management 2014 (ICEM-2014)”. It concludes that the smart specialisation concept involves various ways to become smart. Therefore, the concept itself can be challenging since there are research gaps. Consequently, the paper evaluates some elements of existing research on smart specialisation.

The paper’s main goal was to examine the possible problems of smart specialisation for the European regions, especially for regions who are latecomers. Many practical and theoretical insights are presented, and future research directions are suggested. The paper also presents information on a concept map, which characterizes the complexity of making a decision regarding the development of the smart specialisation strategy for the competitiveness of the region’s economy. ONLINE S3 attempts to overcome these barriers by providing further methods to support regions.